A tangible product must be created to warrant protection and the documentation of this idea and its execution must be clear. Copyright law exists to foster creativity and productivity and protect intellectual property, but this begins with the due diligence of the entrepreneur. Creators of new ideas cannot make assumptions about those whom they are employed, and they cannot allow their ideas to be made available to people they do not trust. It is likely that the Winklevosses did not have an idea about how popular their idea would become, and this was ultimately extremely costly for them. However, this case also clarifies how important it is to protect ideas and avoid informal work relationships with people they are not certain they can
SEC failed at this due to the fact that their product will not operate above 130 degrees F, and that the requirements would not be able to be met without different materials (The Orion Shield Project, 2003). Due to this issue alone, it caused problems with the project, delaying the timeline for completion, increased the amount of resources used and not committing to the stakeholders. Not only did they fail to meet the temperature standard, they also failed to meet the life span expectation. Mr. Allison is responsible for overcoming these technical objectives as project manager of The Orion Shield Project. Ethical Issue: Before even beginning the project, Mr. Allison couldn’t keep his commitment in regards to meeting the temperature requirement.
BUS 245-03 Assignment 1 Fall 2013 Finance/Business in the news Elizabeth Johnson Bailout of the Auto Industry-Toyota There have been so many incidents of large corporations needing bailouts within the auto industry and Toyota is just one of the many that have needed government assistance because of financial troubles. Some people may wonder if it was or is ethically right to do something like this because of all the controversy behind it like the CEO's and the higher ups misusing the money the government gave them to bailout and help their companies. The government can not predict that so in their own way it is justified to keep the economy up and running. With the economic troubles in the US still at a high, the auto industry has taken
For Pharma to survive and become viable it was obvious that some decisions had to be made, but was the sale of the assets in the best interest of the corporation, or was it in the best interest of Adams and Barker? One can only conclude that the directors violated all their duties of financial interests, care and rational belief and were not acting with best information and, thus, cannot be shielded by the business judgment rule. 7. What type of lawsuit, derivative or direct, would be filed by Cornelius
The major quality that Wal-Mart possesses is its ability to adapt and change according to the needs of its customers while striving to keep prices of goods and services low. With annual sales of about $300 billion, around 68% of the sales come from Wal-Mart Stores, 19% from its international operations, and 13% from its Sam’s Club. Wal-Mart’s annual profits are about $10 billion and they have a market value of over $250 with assets worth over $105 billion (Mujtaba & Maxwell, 2011). This success has hurt many competitors in the process but their success is an example that many manufacturers and businesses should use as a case study to perfect their own inventorial
Michael Jordan through his God given talent has sold hundreds of thousands of pairs around the world to his loyal costumers, who continue to collect. This shows that today’s teens do not attain importance of wise decisions about spending money. The problem to Air Jordans is that they cost so much money. Michael Jordan has manipulated teens to buy his shoes that make a dent in their wallets or their parent’s
While patents don't seem to be encouraging the development of discrete new ideas that no one else has, that doesn't mean they aren't motivating innovation at all. The incentives provided by a patent, in other words, must be filtered through the realities of a patent race. In some (though by no means all, or even a majority) the inventors are acutely aware of the possibility of patent rights and of the risk that others might obtain the core patents. As John Duffy has observed, the benefit of a race is that people run faster than they otherwise would. As a result, a patent race should both cause inventions to be made sooner than they otherwise would be and, because patent terms are measured from the filing date, cause the resulting patents to expire earlier than they otherwise would.
Had Paine known of his plans to build a facility near Willet Creek then he surely would not have allowed him to be sworn in. The “Deficiency Bill” was a clear example of when governments overstep their boundaries and must be
Interoperability is dangerous to the concept of Federalism because although New Orleans was granted money to fund the system by the national government, at the state level, it was never implemented. The dangerous part comes in when the public asks whose fault it was that the system wasn’t in place when it really mattered. The state believes the national government should have been more involved to mandate deadlines and be more proactive in the implementation. The public and many other professionals involved believe the local government could have ironed out all the ethical issues and implemented the system with only the financial help from the national government. Unfortunately for Katrina victims, that’s not what took
The Company was a success from the beginning. The Ford Motor Company was a threat for the Association of Licensed Automobile Manufactures; which now threatened to put his company out of business, because Ford was not a licensed manufacture. He had been denied a license by this group, which was aimed at protecting its members, profits what was becoming a fast growing industry. Their basis of their power was control of a patent granted in 1895 to George Baldwin Seldon a patent attorney from Rochchester, New York. The Associations claimed that their patent applied to all gasoline powered engines.